Optics group will switch from one private equity owner to another, as Candover continues its asset sell-off.

Qioptiq, the optics company that brought together some of the industry’s best-known brands under a single umbrella group, is set to be sold to the diversified US-based Excelitas Technologies.

The two companies have signed a “definitive agreement” that will see Excelitas become home to the technologies developed by the likes of Linos Photonics, Point Source, Spindler & Hoyer, Pilkington and others.

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New York Photonics is a not-for-profit organization founded to promote and enhance the New York State optics, photonics and imaging industry by fostering the cooperation of business, academia and government.